Sterling rises on EU approval of Brexit delay

The British pound rose against the dollar on today trading, after EU leaders agreed to postpone Britain's exit from the union until April 12.

European Union leaders decided in Brussels to postpone the Brexit beyond March 29 to give Prime Minister Theresa May more time to urge the British parliament to support her Brexit plan or choose another measure.

Brussels pointed that If the British parliament approves on May's plan next week, the UK will be offered a postponement until May 22, but if the agreement gets rejected, it is then necessary to talk about another measure.

In terms of trading, by 18:16 GMT, the pound rose against the US dollar by 0.7% to 1.3201, and with the highest price of the day at 1.3224 and the lowest price at 1.3081.